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  1. Thread: CEST

    by highlandspring
    Replies
    13
    Views
    1,475

    Director income

    Splitting the income would work well. I will push ahead with that approach in mind. Invoicing separately for Dir and non-Dir duties and putting the same amount through PAYE

    Checking the whole...
  2. Thread: CEST

    by highlandspring
    Replies
    13
    Views
    1,475

    IR35

    I don't see it that way - I am not back-filing for any perm roles, and no role like this one is in their articles of association, I am raising private equity for both companies which isn't a regular...
  3. Thread: CEST

    by highlandspring
    Replies
    13
    Views
    1,475

    Interim

    Thanks for your input.

    My current and previous roles are clearly consultancy as in each company there was or is someone holding the directorship other than me, but they dont have my skill set...
  4. Thread: CEST

    by highlandspring
    Replies
    13
    Views
    1,475

    Office holder

    To clarify this further - I currently only work for small companies via two employment agencies so I don't directly provide my services and I am not on companies house as a director of any of those. ...
  5. avoidance

    The Govn and HMRC are clearly tightening up on all forms of avoidance, the only solid way to avoid tax is to move offshore yourself.

    Any aggressive scheme using offshore vehicles or loans is going...
  6. Replies
    16
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    1,904

    Loans

    You can setup a Directors Loan account and draw money against that, declaring a dividend each quarter or at year end to clear it.

    There is no need for a formal dividend declaration each month, as...
  7. Thread: CEST

    by highlandspring
    Replies
    13
    Views
    1,475

    CEST

    I've checked the CEST site and my status appears to be within IR35 for medium or large companies, this is on the basis that I provide office holder duties.

    However I only work for small companies...
  8. Replies
    893
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    183,299

    Sticky: Shorters

    There are often shorters at work in stocks that fall also. These are guys who borrow stock they don't have and sell it, then when the price has fallen buy it back again.

    They can really drive...
  9. Rate

    Suggest charging £750 per day, that makes it more worthwhile. It will be tough on you physically after a while if you travel back often, tired over weekends etc it takes me a few days to recover...
  10. Replies
    6
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    666

    Equity release

    I looked at this with a partner a few years ago, its an area paying very high commission to introducers so that immediately rang alarm bells with me.
  11. Replies
    893
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    183,299

    Sticky: Spreading

    If you spread your risk around by investing in multiple stocks, then your likely return will get closer to the index.

    Be careful of following advice based on stories you read on the internet etc....
  12. Replies
    29
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    2,263

    awful

    Can you imagine having your contractor company challenged as being tax avoidance for 20 or more years and told you need to repay all the difference between a PAYE basis and a corporate one.

    I know...
  13. if only

    If I could I would move and live in Bermuda or another exotic location, there is no corporation tax, vat or income tax, but costs are very very high.

    Sadly I need to be close to my clients as I...
  14. Sticky: been there

    I have been in that position and it isn't fun, first few months were stress free but by month four I got very frustrated.

    I ended up going back on PAYE for nearly two years, but are now back...
  15. Replies
    2
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    819

    Denmark

    If you are UK based, resident and domiciled then a short one off contract like this should be able to be invoiced via a UK company, without double taxation worries.

    These sorts of issues come into...
  16. Replies
    98
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    26,368

    BIK

    In the UK the BIK rules are dramatically changing from next tax year 20/21

    See the following guide

    Company Electric Car Tax | Pod Point

    This represents a huge saving on personal tax, so it...
  17. Mortgage

    I think it will all be in the rate. If you had a more solid work pattern you could get a better rate.
  18. Replies
    239
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    8,059

    GBP

    I think the pound will drop lower, but in my 25 year working life its been here a couple of times, and each time its gotten this low things have bounced back.

    A competitive exchange like the one...
  19. Replies
    893
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    183,299

    Sticky: EIS

    I invest often in EIS shares small amounts usually £500 a time but regularly, they are working out well, I am averaging around 15% profit and that is before the 30% tax refund.

    It is a risky area...
  20. That is the story in the press - my guess is he...

    That is the story in the press - my guess is he will win initially at least, there may be another though..
  21. Risk

    The risk is that the remainers in parliament pass a law preventing Brexit before the election date, the process starts but Brexit doesn't happen on the 31st Oct and the whole thing backfires on Boris...
  22. Startups

    Not all startups make it to the next level, I worked for one for 3 months and ended up not getting paid for the last few weeks as they closed down.

    I thought about taking them to court but they...
  23. Replies
    14
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    4,928

    IRS 35

    It does seem strange the new regime only starts in April, so surely they are only pushing away people that would consider short term work.
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